Global Population Health Management Market Size To Grow At A CAGR Of 17.80% In The Forecast Period Of 2023-2028

The ‘Global Population Health Management Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global population health management market, assessing the market based on its segments like components, modes of delivery, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Population Health Management Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2022): More Than USD 30.56 Billion
  • Forecast CAGR (2023-2028): 17.80%

Population health management can be defined as measures taken by healthcare companies to enhance the health results of a specified group of people. It is utilised on a particular hospital’s patient population, a regional area, or a certain disease, among others. This approach uses patients’ information to find out the disparities in treatment, enabling healthcare companies to formulate plans, end disparities, and enhance medical outcomes.

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The medical sector is transitioning from a paper-centered structure to a digitised system, hence stimulating the demand for healthcare IT services. The growing demand for efficient disease management strategies is further anticipated to increase the development of the population health management market.

Some of the key factors contributing to the population health management market include a rise in the ageing population, an increase in per capita healthcare spending, and a surge in the usage of the Internet of things (IoT) in healthcare settings. The growing demand for healthcare smart devices for remote health monitoring due to their ease of accessibility and data exchange and interoperability is also fuelling the market.

Population Health Management Industry Definition and Major Segments

Population health management is an approach used to accumulate patients’ data through numerous health data technology sources. It is aimed at enhancing population health and patient care while facilitating the optimal use of medicines and therapies. Population health management intends to support patient-centric care and lower hospitalisation and rehospitalisation rates.

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Based on components, the global population health management market can be segmented into:

  • Software
  • Services
    • Consulting Training and Education
    • Post-Sale and Maintenance Services
    • Others

The market, on the basis of mode of delivery, is bifurcated into:

  • On-Premises
  • Cloud-Based

Based on end-uses, the market has been classified into:

  • Healthcare Providers
  • Healthcare Payers
  • Government Bodies
  • Others

By regions, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Population Health Management Market Trends

Owing to the rising utilisation of information technology (IT) in the healthcare sector, the population health management market is likely to grow in upcoming years. The market is anticipated to be propelled by the benefits offered by population health management systems, like data assimilation, remote checking of patients, and storage of data. The utilisation of IT solutions, specifically in business intelligence and data analytics, is also supporting the development of the market.

Due to the increasing demand solutions encouraging value-based care delivery, value-based payment or VBP models are replacing fee-for-service or FFS models. The population health management market is also likely to expand owing to the increasing demand for effective disease management practices.

The rising importance of customised medicines is anticipated to propel the demand for population health management systems. Companies in the healthcare sector are utilising pioneering analytics and predictive modelling technologies to effectively treat patients and improve clinical outcomes, which is likely to support the market for population health management.

Geographically, North America is likely to account for a significant share in the population health management market due to the increase in healthcare expenditures and the rising ageing population in the region. In the meantime, the Asia Pacific is anticipated to observe maximum development in upcoming years amid rapid population growth and rising per-capita incomes.

Key Market Players

The major players in the global population health management market are:

  • Allscripts Healthcare, LLC
  • Cerner Corporation
  • IBM Corporation
  • Koninklijke Philips N.V.
  • Conifer Health Solutions, LLC
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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